JinkoSolar (NYSE:JKS) Shares Up 5.7% – What’s Next?

JinkoSolar Holding Co., Ltd. (NYSE:JKS) shares shot up 5.7% on Monday . The company traded as high as $25.28 and last traded at $25.16. 406,377 shares were traded during mid-day trading, a decline of 63% from the average session volume of 1,084,890 shares. The stock had previously closed at $23.80.

Wall Street Analysts Forecast Growth

A number of research firms have commented on JKS. Roth Mkm reduced their price objective on shares of JinkoSolar from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. The Goldman Sachs Group cut their target price on shares of JinkoSolar from $21.00 to $18.00 and set a “sell” rating on the stock in a research note on Tuesday, September 3rd. StockNews.com raised JinkoSolar from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. Finally, Jefferies Financial Group lifted their price target on JinkoSolar from $36.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, JinkoSolar has an average rating of “Hold” and an average target price of $31.33.

JinkoSolar Trading Up 5.1 %

The company has a quick ratio of 0.97, a current ratio of 1.22 and a debt-to-equity ratio of 0.81. The business has a 50-day moving average of $23.92 and a 200-day moving average of $22.26. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 42.39 and a beta of 0.35.

Institutional Trading of JinkoSolar

A number of institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC boosted its stake in shares of JinkoSolar by 108.0% during the 3rd quarter. Signaturefd LLC now owns 1,246 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 647 shares in the last quarter. Barclays PLC boosted its position in JinkoSolar by 30.2% during the third quarter. Barclays PLC now owns 2,318 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 537 shares during the period. Headlands Technologies LLC grew its holdings in JinkoSolar by 607.7% during the second quarter. Headlands Technologies LLC now owns 4,048 shares of the semiconductor company’s stock valued at $84,000 after purchasing an additional 3,476 shares during the last quarter. Banque Cantonale Vaudoise raised its position in shares of JinkoSolar by 198.1% in the third quarter. Banque Cantonale Vaudoise now owns 7,923 shares of the semiconductor company’s stock valued at $212,000 after purchasing an additional 5,265 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in shares of JinkoSolar by 15.8% in the third quarter. Daiwa Securities Group Inc. now owns 8,800 shares of the semiconductor company’s stock worth $236,000 after buying an additional 1,200 shares during the last quarter. 35.82% of the stock is currently owned by institutional investors and hedge funds.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.